Careplus said the strong revenue was due to higher glove sales, higher utilisation rate and higher selling prices as a result of surge in demand due to the pandemic. Its net profit included the 50% sharing of profit earned from the joint venture between Careplus M and Ansell.
KUALA LUMPUR: Careplus Group Bhd
reported a strong set of financial results in the third quarter ended Sept 30,2020 as its profitability and revenue surged on the strong demand for gloves due to the ongoing Covid-19 pandemic.
It reported on Friday its net profit surged to RM42.85mil, which wa a stark contrast to the net loss of RM4.93mil a year ago. Its revenue of RM122.70mil was 45.5% higher than the RM84.34mil a year ago. Earnings per share were eight sen compared with loss per share of 0.93 sen.
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